Legislation that will allow local authorities to charge a premium of up to 100% on council tax for second homes under legislation with the aim of increasing the availability of housing has passed the consultation stage.
The Scottish property market has shown signs of cooling as average property selling prices across Edinburgh, the Lothians, Fife and the Borders showed a 2.8% year-on-year drop during June-August 2023 to £286,560, according to the latest ESPC House Price Report.
A report released by international law firm CMS has shown that Glasgow’s commercial real estate market has maintained a steady upward increase in its appeal to investors. Scotland’s biggest city is also closing the gap against other major UK cities as a place for real estate investment.
Despite concerns over the Bank of England’s recent hike in base interest rates to a 15-year peak of 5.25%, Glasgow’s property market has remained “robust and thriving”, according to Scottish estate agents Corum.
Home buyers in Scotland are sharpening their focus on their income long term when shaping the criteria for their first or next home due to the cost-of-living crisis, a new report from Barratt Developments has found.
Plans to regenerate derelict gap sites on Glasgow’s main shopping streets have been detailed in a new plan for the so-called ‘Golden Z’ area of the city.
The Existing Homes Alliance has called on the Scottish Government to adopt proposed planning changes to make it easier for homeowners and landlords in Scotland to switch to clean energy systems.
Significant growth in activity throughout the West of Scotland has prompted sister companies Hardies Property & Construction Consultants and Shepherd Chartered Surveyors to relocate to larger office premises in the heart of Glasgow city centre.
On behalf of the joint administrators, Alistair McAlinden and Blair Nimmo, property firm Christie & Co has brought to market the former premises of Le Chardon d’Or Limited, which previously operated as a fine dining restaurant in Glasgow.
The Scottish property market has been impacted by stubborn inflation and increased borrowing costs, leading to heightened emphasis on home report values for prospective buyers, as per insights from Shepherd Chartered Surveyors.
The rise in reliance on familial financial support in the UK housing market has hit record levels, with new research revealing that the so-called ‘Bank of Family’ is anticipated to facilitate over 318,000 property transactions with support worth around £8.1 billion in 2023.
Edinburgh-based full-service property firm Rettie & Co has unveiled its new rural asset management division, consolidating its rural, estate, and farm offerings under a unified banner.
Global real estate advisor CBRE, in partnership with Graham and Sibbald, has unveiled to the market a new Aberdeen office development, The Apex, situated in Dyce.